Conflict Avoidance and Dispute Resolution (level 1) Flashcards
What are the general principles of good dispute resolution management
- good management
- good record keeping
- good payment practice
- clear contract document
- good contractor management
What are the three pillars of dispute resolution
- negotiation- parties resolving amongst themselves- fact finding, expert opinion
- mediation- third party not binding- conciliation
- adjudication- third party binding-expert determination, arbitration and litigation and ombudsman
What are some of the advantages and disadvantages of arbitration
Advantages-
- private
- time saving- it tends to be quicker than say litigation
- binding decision (could also be considered negative)
- cost effective- less time equals less money. Also neither party needs legal representation.
Disadvantages-
- binding- if it doesn’t go your way it can be very hard to challenge, can only really challenge the facts if they are incorrect
- Cost- not always cost effective if the matter being challenged isn’t of high enough value
- lack of cross examination
What is arbitration
Arbitration is a procedure in which a dispute is submitted, by agreement of the parties, to one or more arbitrators who make a binding decision on the dispute
(for arbitration to be allowed it must have been stipulation in the contract that both parties agreed to)
What is the RICS guidance on conflicts
1.Conflict Avoidance and Dispute Resolution in Construction 2012
What does ADR mean
ADR means alternative dispute resolution, and refers to processes which are alternatives to the traditional binding dispute resolution procedures e.g litigation and arbitration